Zee Media Bureau
New Delhi: Gold futures fell by nearly Rs 100 in early trade Wednesday as speculators reduced their positions in tandem with a weak global trend.
Gold for delivery in June shed Rs 91 or 0.34 percent to Rs 26,845 per 10 grams at the Multi Commodity Exchange.
At the spot markets, gold traded higher by Rs 70 at Rs 27,090 per ten grams in opening trade at Chennai.
In the national capital, gold of 99.9 and 99.5 percent purity recovered by Rs 100 each to Rs 27,200 and Rs 27,050 per 10 gm, respectively.
Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas and profit-booking by speculators.
Meanwhile, gold prices fell by 0.21 percent to USD 1,199.30 an ounce in Singapore today.
Delhi
In the national capital, gold of 99.9 and 99.5 percent purity recovered by Rs 100 each to Rs 27,200 and Rs 27,050 per 10 gm, respectively.
Sovereign, however, continued to be traded at last level of Rs 23,700 per piece of eight gram in limited deals.
Tracking gold, silver ready rose by 160 to Rs 36,600 per kg and weekly-based delivery by Rs 60 to Rs 36,185 per kg.
Mumbai
Standard gold (99.5 purity) declined by Rs 45 to end at Rs 26,695 per 10 grams from Monday's level of Rs 26,740.
Pure gold (99.9 purity) also shed by a similar margin to finish at Rs 26,845 per 10 grams compared to Rs 26,890.
Silver (.999 fineness) eased by Rs 20 to settle at Rs 37,130 per kg as against Rs 37,150 yesterday.
Chennai
Gold: Rs 27,090 per 10 grams; Silver: Rs 36,320 per kg
Bengaluru
Gold: Rs 27,127 per 10 grams; Silver: 37,000 per kg
Kolkata
Gold: Rs 27,105 per 10 grams; Silver: Rs 36,350 per kg
Hyderabad
Gold: Rs 27,300 per 10 grams; Silver: Rs 38,000 per kg
